Epstein Secrets

ics, diplomacy and US economic cycle The biggest risk to our scenario is the implications for Japan’s diplomatic and geopolitical environment of the Donald Trump presidency in the US. The likelihood of agreement on the TPP (Trans-Pacific Partnership) has already declined and been priced into the market, but an

ser to Europe under such a scenario, raising the incentive to sign the Japan-EU EPA (Economic Partner Agreement), positive for related stocks. If the Trump presidency tips the US towards isolationism, we expect Japan’s spending on defense to increase. If this results in higher spending on Japan’s Self De

to the person with whom MLPF&S writing by MLPF&S). MLPF&S is and continues to act solely as a broker-dealer in connection has contracted direct of America Corpora his research report is prepared for the use of BofA Merri nclusion, or information con atus of financial instruments discussed herein is not inten

ital allocation update, tax reform, rising interest rates. Latest report: MCO rally has just begun; beneficiaries of the non-Health Care upside from Trump 1Q risks: Risks to the downside are courts not approving the HUM acquisition, lower- than-expected membership growth and higher than expected cost t

ions t ations reflect the different time frames, assumptions, other trading ideas or recommendations are brought to the a has contracted direct of America Corpora f BofA Merrill Lynch. BofA Merri able materials. Any unautl nclusion, or information con views presented in this material g personnel. BofA Merrill

a recent interview with the Financial Times that international tourism to the US (Expedia’s key market) has decelerated following the introduction of Trump’s travel bans, which may be a downside risk to 1Q bookings and revenues. This mirrors ForwardKeys data from early March that after Trump’s executive

vestment rating, or investment thesis for review by an issuer prior to the rames, assumptions other trading ideas or recommendations are brought of America Corpora f BofA Merrill Lynch. BofA Merri able materials. Any unaut g personnel. BofA Merrill Lynch ps wit ndants or co-plaintiffs wi ax advice or to be us